New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-11-27
TEE STANDARD OIL TRUST.
TESTIMONY OF CHAIRMAN ROCKEFELLER.
vBr INTERSTATE COMMISSION LIMITS THE INQUIRY
IN THE CASE BrFoRE IT.


WARRINGTON, Nov. 28.-J. d. Rockcicher, CHAIRMAN
-. 49, c,.odard OF Trust, was sworn and examined
h.,or. thu Interstate Commission this morning IN con
o.cton with the standari OIL cases Counsel for com
plalnants asked witness TO produce paper winch nc
had I'm hand giving list OF the STOCKS OF the various
companies held In trust Immediately counsci Tor the
Standard Oil Trust and for several OF the defendant
railroads interposed objections the former on the
ground that tho Standard OIL Trust was not party to
this case and that the production of the paper would
Ia An unnecessary and Irrelevant disclosure OF tho
witnesses private affairs. The railroad attorneys ut
Eued against encumbcrng the record with matters ho'
already brought into tbs Insisting Thai n"lhhe IN
the list in question: except the Standard OIL CohPa"!
of Kentucky. tho Standard Oil Company OF ONO ana
tho Waters Pierce Company Of ST. Louis was reieNa"
60 this case Counsel for the Newport News ana MIS-
sissippi Valley Railroad Company, however, sa'eu
that his company nterposed no objection whatever
Counsel for complainant said that railroad witnesses
had disclosed the names of number OF coSie"eos al"
cOnsgnors who received rates and enjoyed prNheEes
like those alleged to have been ACCORDED 10 'hc N"
ard OIL Company alone and IT desirable to disclose
BY testimony of witness whether or not thcsc i"uVP0
ont consgnccs and consiGnors were not IN TACT part
of the standard OIL Trust.
The Commission retired to take the subject INTO COZ"
sIderstion. and upon It's return fifteen minutes iao4'
the chairman said: "The Commission is of the opinion
that It IS competent to show by this witness or any
the
of Kentucky or the Standard OH Company of Ohio or
the Waters Company Of St Louis or Of any othcr
Company, or of any person that has been connected
by the evidence with the shipments over these ROAD
during period of controversy, are held by THIS Oh
Trust that has been spoken Of and also TO sh"" Whche
any of the persons who appear in this case ei'hcr d"
shippers or as cOnsg nees, are In any way coHc''V'
with this oil Trust or under its control II is also OF
the opinion that If It should appear from the evidence
citb NJ fhpSe
these companies, or any OF them, Is hcld 10y ms
Oil Trhst will be competent to 20 further ana Sho"
I'm general what the extent of the pool that Is
ntrocd hy this OIL Trust, and what IS the extent Oh
the business controlled by it, for the purpose OF pn
ting before the Commission the extent OF the opera
to,s of this Trust 1ha' IS far as We as at present
advised, think the Commission can 60 IN MS ruIns;
The objection TO the admission OF tie lst itseli nav
ing thu, been tanned counsel for complainant pro
ceedcd to question witness within the rulings Oi inc
Witness Stated in reply to series of inquiries that
the stock of the Standard OH Company of ohio inc
Standard on C9mpany OF ksmnchi rne "i' V he
Waters Pierce OH Company of 81 L. us ana inc Suii
toIidafed rank COMPANY Of Cincinnati. hid by
The S,andard " Trnst several othci companies were
mentioned by counsel for complainant but were Oh
iected IN and excluded on the ecuhd that these com
rancs had not been brought the I'm previously
given evidence Tie witness SAID In substance 'N e
81, bof these companies received rom the u"Hes
and The certificates OF the Trust iScucd in exchange
ma Wv Ne stockhoders but we're paid the.
Trust and then divided among the holders of trust Ger
tifcatcs also that the aggregate OF Outstanding Ce'h
Gates about S!O,OOOOOo ~. q,
Cnmulainant's counsel proposed 10 show thar me
actu value of the tUsi certificates was hu0H ricac4
but this excluded 20 $500 49,.
The witness stated that between - and so per cent
of ne oil refining b> of the country was done Dy
his company, but hc subsequently changed thls cSt,
mate 80 Dor cent The trust Cctlhcatcs were hcIu
I'm a parts OF IN" country 1890 -,
Ga examination. the witness said hat the Trust
had nothing whacNc to do with the making of rates.
all that being done by the subordinate compan'e;
George Rice. the complainant, was sworn and ex'
anil ell II, submitted I humber of papers bcElhe
upOi all the economic features of the OIL business ana
produced mass of cores Onderce which was suhin'tcS
was examined and cross examined a. Cons iefdblc
length, but ieyOnd the statement that his profits were
about II cents barrel oil. delivered at hl> WORKS
the further statement In contradiction 10
that Of most railroad that the con>gnor and con
fignec usually lead and unload barrelled oil al
their own expense, his testimony up to the recess
covered familiar ground.
In the afternoon Miss Blanche Rice. complainahts
clerk aud daughter, was sworn and briefly mined
This closed the evidence for the complainant e1cept In
respect Virgil Powers. chairman OF the southern
here Monday. The defendant companies called James
NJ Edwards, vice president and general manager OF the
the Louisville New Orleans and Texas Railroad and re
called A. Clay Pierce Of the waters Pierce OH Company
Of 81. Lonis These examined extensively, but
their evidence In the ain elaboration Oi features
already brought ont on cross examination counsel foI
both sides stated the probability that the evidence "ouu
be closed on Monday.
Counsel for complainant wished TO have the oral ar
gumenis begun Counsel for defendants moved
for delay 10 give Oppor unity 10 PRINT ana examine
the record The chairman announced the decision Of the
commission 10 grant delay aud said he Wsud announce
It's length Monday Among the reasons which ne gave
convinced during the hearing that their rates needed
revision the opportunity would thus be Afforded
without OF course expressing any opinion upon the
merits OF the case lie would submit TINS suggestion.